Vizhinjam To Remain Open Access Port After Approvals
ECONOMY & POLICY

Vizhinjam To Remain Open Access Port After Approvals

Adani Ports and Special Economic Zone Limited (APSEZ) has said that any sale of shares in Adani Vizhinjam Port Private Limited (AVPPL) will occur only after all necessary approvals, including from the state government, are obtained. The statement followed reports that the government had expressed displeasure at not being informed earlier about the proposed divestment in favour of Mediterranean Shipping Company (MSC). APSEZ emphasised that the port will remain open access and that MSC would not receive exclusive rights.

Aswani Gupta, chief executive officer of APSEZ, clarified that there is no immediate change in AVPPL shareholding and that the transaction currently pertains to the company as a wholly owned subsidiary of APSEZ. He said that the matter was disclosed in accordance with Securities and Exchange Board of India regulations governing listed entities after the initial stock exchange filing. The company added that it had informed the Government of Kerala following the filing and would continue to engage with relevant stakeholders.

The group addressed concerns about a single shipping line gaining a monopoly by underlining that proposed arrangements with MSC do not grant exclusive berthing rights or restrict access for other shipping lines. It stated that Vizhinjam will continue to operate as an open access port serving all shipping lines and that standard concession terms will continue to apply. The clarification aimed to reassure opposition parties and coastal stakeholders about continuity of access.

APSEZ reiterated that, even after completion of any approved transaction, it will control, consolidate and operate the port in line with the concession agreement. The company said it will pursue all requisite approvals and processes and maintain dialogue with the Government of Kerala and other authorities. The group affirmed its commitment to contractual, regulatory and governance requirements throughout the course of the proposed transaction.

Adani Ports and Special Economic Zone Limited (APSEZ) has said that any sale of shares in Adani Vizhinjam Port Private Limited (AVPPL) will occur only after all necessary approvals, including from the state government, are obtained. The statement followed reports that the government had expressed displeasure at not being informed earlier about the proposed divestment in favour of Mediterranean Shipping Company (MSC). APSEZ emphasised that the port will remain open access and that MSC would not receive exclusive rights. Aswani Gupta, chief executive officer of APSEZ, clarified that there is no immediate change in AVPPL shareholding and that the transaction currently pertains to the company as a wholly owned subsidiary of APSEZ. He said that the matter was disclosed in accordance with Securities and Exchange Board of India regulations governing listed entities after the initial stock exchange filing. The company added that it had informed the Government of Kerala following the filing and would continue to engage with relevant stakeholders. The group addressed concerns about a single shipping line gaining a monopoly by underlining that proposed arrangements with MSC do not grant exclusive berthing rights or restrict access for other shipping lines. It stated that Vizhinjam will continue to operate as an open access port serving all shipping lines and that standard concession terms will continue to apply. The clarification aimed to reassure opposition parties and coastal stakeholders about continuity of access. APSEZ reiterated that, even after completion of any approved transaction, it will control, consolidate and operate the port in line with the concession agreement. The company said it will pursue all requisite approvals and processes and maintain dialogue with the Government of Kerala and other authorities. The group affirmed its commitment to contractual, regulatory and governance requirements throughout the course of the proposed transaction.

Related Stories

Gold Stories

Next Story
Real Estate

A Concrete Statement in Jubilee Hills

The Jubilee Hills residence is an exploration of structure as architecture, where mathematical precision, exposed concrete, and engineering discipline come together to create a bold and enduring built form.Constructed with Blushfarbe, HAACE’s bespoke concrete finish, the project demanded exceptional control, as every visible structural element was also required to perform as the final architectural surface. Deep reinforced concrete roof frames extend into the vertical façade, while precision-cast fluted surfaces, rhythmic vertical fins, circular columns, and a cantilevered staircase create ..

Next Story
Infrastructure Energy

Hindustan Zinc raises renewable power share to 22 per cent

Hindustan Zinc has increased the share of renewable energy in its overall power consumption to 22 per cent, up from around 18 per cent in FY26, as it advances towards sourcing 70 per cent of its power requirements from renewable sources by FY28.During FY26, the company generated 892 million units of green power, up from 632 million units in FY25. It has also expanded its round-the-clock renewable power arrangement with Serentica Renewables from 450 MW to 530 MW to support the transition.Hindustan Zinc is strengthening its renewable energy portfolio through solar, wind and energy storage soluti..

Next Story
Resources

Crompton unveils new brand identity and super-premium platform

Crompton Greaves Consumer Electricals Ltd. has unveiled a new master brand identity as part of its Crompton 2.0 transformation, alongside the launch of its super-premium brand Crompton Rhion and the strengthening of its Energion platform.The refreshed identity introduces Cephyr, a new emblem inspired by sapphire and Zephyrus, the Greek wind, representing Crompton’s evolution towards a design-led, consumer-centric brand. The new brand promise, ‘Amazing, Every Day’, is supported by a new sonic identity that will be rolled out across advertising, digital platforms, products and retail envir..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement